necessary notes
- Singapore-based Canaan faces delisting if it fails to keep up its inventory value above $1 for 10 consecutive instances by July 13, 2026.
- The corporate could also be eligible for a further 180-day extension if it fails to satisfy the preliminary compliance interval, topic to Nasdaq approval and charges.
- Canaan inventory continues to commerce at $0.798, reflecting weak demand amid broader crypto market situations and operational challenges.
Canaan Inc. (NasdaqGM:CAN) acquired a brand new warning from Nasdaq for its sub-$1 inventory value. The corporate stays listed for now, and whereas its inventory value fell under the brink in Friday buying and selling, it is ready to keep away from delisting.
Canaan Inc., a Singapore-based cryptocurrency mining {hardware} producer, introduced on January 14, 2026 that it acquired a written discover from Nasdaq. The discover said that the corporate’s American Depositary Shares (ADS) now not meet the minimal bid necessities beneath Itemizing Rule 5550(a)(2).
The corporate’s ADSs closed under $1 for 30 consecutive enterprise days, triggering a shortfall discover. According to their press release.
Canaan has a second probability to keep away from delisting
Underneath Nasdaq Itemizing Rule 5810(c)(3)(A), Canaan has 180 calendar days, till July 13, 2026, to revive compliance. The corporate should enhance the ADS closing bid quantity to at the least $1 for 10 consecutive buying and selling classes. This discover doesn’t have any rapid impact on the itemizing or buying and selling of Canaan Securities on Nasdaq. The inventory will proceed to commerce beneath the ticker CAN through the grace interval.
If the corporate fails to achieve the $1 stage by July 13, it might nonetheless be topic to a second 180-day compliance interval, topic to assessment by Nasdaq workers. To acquire this extension, the corporate should apply for a switch and pay a $5,000 charge. You could additionally make sure that you meet different preliminary itemizing standards apart from the bid value and have a plan to resolve any points, together with potential recourse. reverse stock split.
Canaan says it’ll monitor the inventory’s efficiency and take steps to regain compliance with bidding guidelines.
Canaan inventory continues to commerce under normal value even after notification
Regardless of the announcement, Canaan’s inventory value remained under $1 on Friday, additional down 3%. ADSs traded at roughly $0.80. The final bid was $0.798 as of early afternoon on January 16, 2026. This reveals that the bid remains to be effectively under the required stage. Finance according to Yahoo!.
Canaan Co., Ltd. inventory value |Supply: Yahoo! Finance
In keeping with the info, the inventory value has been buying and selling under $1 in current days, per the 30-day interval talked about within the Nasdaq discover. The final time it was above $1 was in October 2025, when the corporate introduced a 4.5MW contract to hook up with Bitcoin.
BTC
95 363 {dollars}
24 hour volatility:
0.6%
Market capitalization:
$1.91 trillion
Vol. 24 hours:
$2.162 billion
Japanese miners.
of Analyst average price target Within the case of CAN, it’s nonetheless within the multi-dollar zone, however this doesn’t have an effect on the Nasdaq minimal bid rule. This aim doubtless displays Canaan’s Bitcoin treasury, which ranks thirty eighth on the earth. bitcoin treasuryand a powerful correlation with Bitcoin value.
Canaan’s efficiency stays tied to demand for Bitcoin mining machines and broader market situations within the cryptocurrency trade. The corporate reiterated these components within the forward-looking statements part of its newest announcement. Executives additionally pointed to macroeconomic and regulatory dangers that might affect the corporate’s means to execute on its technique as it really works to resolve itemizing deficiencies.
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José Rafael Peña Gollum is a crypto journalist and editor with 9 years of expertise within the crypto trade. He has written for high retailers akin to CriptoNoticias, BeInCrypto, and CoinDesk. We specialise in Bitcoin, blockchain, and Web3 and produce information, evaluation, and academic content material for a world viewers in each Spanish and English.
